Bloomberg News

Adventis Advances After Saying Profit Beat Estimates

January 24, 2008

Adventis Group Plc (ATG), the advertising agency that makes marketing brochures for Prudential Plc and Savills Plc, rose the most in almost 12 months in London trading after saying 2007 profit beat analysts' estimates.

Adventis climbed 5.5 pence, or 16 percent, to 39.5 pence, the biggest one-day increase since Jan. 26, 2007. The stock has gained 3.3 percent in the past 12 months, giving the advertising agency a market value of 16.5 million pounds ($32.5 million).

Acquisitions and demand from the health-care industry boosted earnings, Chief Executive Officer Charles Phillpot said in a telephone interview today.

Adventis, based in London, provides advertising, digital media and direct mail services to more than 400 clients in the U.K., Phillpot said. The agency has focused on industries that require more advertising expertise such as healthcare and financial services, he said.

Panmure Gordon analyst Robert Sanders had expected annual pretax profit of about 2.5 million pounds, or 4.3 pence a share, he said in a note to investors today. Panmure Gordon, the house broker, has a ``strong buy'' recommendation on the stock. Adventis didn't provide figures for the new forecasts in a statement today.

Adventis is ``actively'' considering acquisitions in the health and digital industries, Phillpot said, without providing further details. The agency has bought four companies since it sold shares on London's Alternative Investment Market in 2004.

The media group will report earnings for the year ended Dec. 31 on April 10.

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Victoria Richards at vrichards@bloomberg.net


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